v3.26.1
Revenue
 12 Months Ended
Jan. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Net sales consists primarily of revenue, net of sales tax, associated with contracts with customers for the sale of goods and services in amounts that reflect consideration the Company is entitled to in exchange for those goods and services.
The following table presents the Company’s sources of revenue:
(In millions)Years Ended
January 30, 2026January 31, 2025February 2, 2024
Products $82,352 $80,538 $83,002 
Services2,542 1,934 2,097 
Other1,392 1,202 1,278 
Net sales$86,286 $83,674 $86,377 

The balances and classification within the consolidated balance sheets for anticipated sales returns and the associated right of return assets are as follows:
(In millions)ClassificationJanuary 30, 2026January 31, 2025
Anticipated sales returnsOther current liabilities$178 $167 
Right of return assetsOther current assets109 99 
Deferred revenue - retail and stored-value cards
Deferred revenue for retail and stored-value cards are as follows:
(In millions)January 30, 2026January 31, 2025
Retail deferred revenue$936 $770 
Stored-value cards deferred revenue541 588 
Deferred revenue$1,477 $1,358 
Deferred revenue - Lowe’s protection plans
Deferred revenue associated with Lowe’s protection plans is as follows:
(In millions)January 30, 2026January 31, 2025
Deferred revenue - Lowe’s protection plans$1,262 $1,268 
Lowe’s protection plan sales previously recorded as deferred revenue and claim expenses incurred are as follows:
(In millions)Years Ended
January 30, 2026January 31, 2025February 2, 2024
Lowe’s protection plan deferred revenue recognized into sales$580 $561 $549 
Lowe’s protection plan claim expenses239 210 224 
Disaggregation of Revenues
The following table presents the Company’s net sales disaggregated by merchandise division within our Retail Home Improvement segment, as well as Other segment net sales:
Years Ended
January 30, 2026January 31, 2025February 2, 2024
(In millions)Total Sales%Total Sales%Total Sales%
Home Décor1
$31,527 36.5 %$31,307 37.5 %$32,535 37.5 %
Building Products2
26,533 30.7 26,338 31.4 26,901 31.1 
Hardlines3
24,185 28.0 24,329 29.0 25,021 28.9 
Other1,833 2.2 1,700 2.1 1,920 2.5 
Retail Home Improvement84,078 97.4 83,674 100.0 86,377 100.0 
     Other segment net sales2,208 2.6 — — — — 
Total$86,286 100.0 %$83,674 100.0 %$86,377 100.0 %
Note: Merchandise division net sales for prior periods have been reclassified to conform to the current year presentation.
1    Home Decor includes the following product categories: Appliances, Decor, Flooring, Kitchens & Bath, and Paint
2    Building Products includes the following product categories: Building Materials, Electrical, Lumber, Millwork, and Rough Plumbing
3    Hardlines includes the following product categories: Hardware, Lawn & Garden, Seasonal & Outdoor Living, and Tools

The following table presents the Company’s net sales disaggregated by geographical area:
(In millions)Years Ended
January 30, 2026January 31, 2025February 2, 2024
United States$86,225 $83,674 $86,377 
Canada61 — — 
Net Sales$86,286 $83,674 $86,377